This paper examines the impacts of industrialization and urbanization on CO2 emissions in China using nonparametric additive regression models and provincial panel data from 1990 to 2011. The empirical results show that there is an inverted U-shaped nonlinear relationship between...

In this paper, we present a hybrid regional input–output model that enables us to compute the intensity measures of CO2 emissions in the state of Minas Gerais. The analysis uses a 2005 input–output matrix and presents the disaggregated data for 35 sectors. The results suggest that the...

The Clean Development Mechanism (CDM) of Kyoto Protocol, designed for the industrialized countries to earn emission credits by investing in greenhouse gas (GHG) emission reduction projects in developing countries, shall contribute to emission reductions and sustainable development in the host...

In 2010, the U.S. Environmental Protection Agency announced a waiver allowing an increase in the fuel–ethanol blend limit (the “blend wall”) from 10% (E10) to 15% (E15). Justifications for the waiver are reduced vehicle-fuel prices and less consumption of petroleum gasoline, leading to...

An exhaustive comparative statics analysis of a model of a monopolistic firm facing price-cap regulation and a variety of commonly implemented command-and-control environmental regulations is carried out. The comparative statics are intrinsic to each of the models and thus form their basic,...

This study analyses the sectoral and macroeconomic impact of carbon taxes on the Russian economy, one of the world's most energy- and carbon-intensive economies, while assessing the hypothesis of a double dividend. Substituting carbon taxes for labour taxes can reduce GHG emissions and enhance...

In this paper we model the adjustment process of European Union Allowance (EUA) prices to the releases of announcements at high-frequency controlling for intraday periodicity, volatility clustering and volatility persistence. We find that the high-frequency EUA price dynamics are very well...

In this paper we examine the nonlinear relation between the EUA price and its fundamentals, such as energy prices, macroeconomic risk factors and weather conditions. By estimating a Markov regime-switching model, we find that the relation between the EUA price and its fundamentals varies over...

The paper evaluates the impacts on investments and public finance of a transition to a green, low carbon, economy induced by carbon taxation. Four global tax scenarios are examined using the integrated assessment model WITCH. Taxes are levied on all greenhouse gases (GHGs) and lead to global GHG...

Environmental assessment recently becomes a major policy issue all over the world. This study discusses how to use Data Environment Analysis (DEA) for environmental assessment for planning corporate strategy and international competitiveness. An important feature of DEA environmental assessment...